LISBON, April 28 (Reuters) - Portugal's economic growth
accelerated sharply to 1.6% in the first quarter from 0.3% in
the previous three months, supported by rising net exports, but
the pace of expansion dropped from a year ago, official data
showed on Friday.
The National Statistics Institute (INE) said in its flash
estimate gross domestic product expanded 2.5% from a year
earlier after registering 3.2% annual growth in the fourth
quarter as high inflation and rising interest rates weighed on
private consumption.
The government expects growth to slow down to 1.8% this year
from 6.7% in 2022, which was the strongest expansion in 35
years.
(Reporting by Sergio Goncalves and Andrei Khalip)
Messaging: sergio.goncalves.reuters.com@reuters.net))
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